RELATING TO UNIVERSITY OF HAWAII CONFERENCE CENTER REVOLVING FUND.

2025 Regular Session Introduced by Ron Kouchi

SB 1488 establishes a revolving fund for University of Hawaii conference centers, enhancing facilities for educational events and ensuring stable operational support.

Carried over to 2026 Regular Session.

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Bill Overview

Bill Number: SB 1488
Title: Relating to University of Hawaii Conference Center Revolving Fund
Introduced: January 21, 2025
Status: Reported from HRE with recommendation of passage on Second Reading, as amended (SD 1), and referred to WAM.
Classification: Bill
Subject: University of Hawaii (UH), Conference Center Revolving Fund

Purpose and Intent

The primary purpose of SB 1488 is to establish and enhance the University of Hawaii Conference Center Revolving Fund. This fund is intended to support the operations and maintenance of conference centers affiliated with the University of Hawaii, thereby facilitating educational and community events.

Key Provisions

Establishment of the Fund: The bill proposes the creation of a revolving fund specifically designated for the University of Hawaii's conference centers.

Funding Sources: The fund would be supported by various revenue streams, including fees collected from events held at the conference centers.

Use of Funds: Monies from the fund would be utilized for operational costs, maintenance, and improvements to the conference facilities, ensuring they remain functional and accessible for educational purposes.

Impact

Beneficiaries: The bill is expected to benefit the University of Hawaii, its students, faculty, and the broader community by providing enhanced facilities for conferences and events.

Operational Efficiency: By establishing a dedicated revolving fund, the university can ensure a more stable and predictable funding source for its conference centers, potentially leading to improved services and facilities.

Legislative Timeline

January 21, 2025: Bill introduced and pending introduction.

January 23, 2025: Passed First Reading.

January 27, 2025: Referred to the HRE and WAM committees.

February 7, 2025: Public hearing scheduled for February 11, 2025.

February 11, 2025: HRE committee recommended the bill be passed with amendments.

February 13, 2025: Report adopted; passed Second Reading, as amended (SD 1), and referred to WAM.

Related Legislation

HB 1169: This bill serves as a companion to SB 1488, indicating a parallel legislative effort to address similar issues regarding the University of Hawaii Conference Center Revolving Fund.

This summary provides a clear and concise overview of SB 1488, outlining its purpose, key provisions, and the expected impact on the University of Hawaii and its stakeholders.

Bill